Course Outline
Join PRO

Income Statement (Topic Outline)

0

Topic Outline

Join PRO to Track Progress
Read our In-Depth Explanation Free

Our Explanation of Income Statement helps you learn the most important features of a corporation's income statement (also known as the statement of operations or profit and loss statement). We provide more understanding for revenues and expenses, as well as optional formats for presenting the amounts.

Take our Practice Quiz Free

This 20-question quiz is a fast way to assess your understanding of the Income Statement Explanation. It's also a great warmup for our Quick Test.

Review our Visual Tutorial

This visual tutorial for the topic Income Statement presents the key components and formats used on a corporation's income statement (which is also known as the statement of operations or profit and loss statement). The accrual method of accounting is explained and used throughout.

Watch our Financial Statements Video Training

Our financial statements videos will help you learn and review the balance sheet, income statement, and statement of cash flows. This video training consists of 14 videos of approximately 10 minutes each.

Review our Q&A Free

We've answered 204 popular questions related to the topic Income Statement. Review them all or use the search box found at the top of each page of our website for your specific questions.

Review our Flashcards

Our flashcards for the topic Income Statement will help you master key terms and definitions. You can view them on any device or print them out.

Solve our Word Scramble Free

If you find Income Statement terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.

Solve our Crossword Puzzle #1 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Income Statement in a more fun format.

Solve our Crossword Puzzle #2 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Income Statement in a more fun format.

Solve our Crossword Puzzle #3 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Income Statement in a more fun format.

Review our Sample Business Forms

Ten of our business forms provide assistance in preparing the income statement. Some of the forms are for retailers and wholesalers, some for service businesses, and some for a manufacturer. All of our business forms contain an Excel template, a blank PDF form, and a filled-in PDF form.

Review our Cheat Sheet

Our Income Statement Cheat Sheet presents the key components and formats used on a corporation's income statement (also known as the statement of operations or profit and loss statement).

Take our Quick Test #1

This graded 40-question test measures your understanding of the topic Income Statement. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #2 with Coaching

This graded 30-question test provides coaching to guide you to the correct answers. Use our coaching to learn the WHY behind each answer and deepen your understanding of the topic Income Statement.

Earn our Income Statement Certificate of Achievement

Passing this certificate exam will indicate that you have a solid understanding of the components of the income statement. As a result of your studying, you will stand out from others who are limited to citing the bottom-line amount. With additional knowledge you can make constructive suggestions to improve the profits of your business.

Advance Your Accounting and Bookkeeping Career

Must Watch image

  • Perform better at your job
  • Get hired for a new position
  • Understand your small business
  • Pass your accounting class
Watch the Video
Certificates of Achievement

Earn Our Certificates of Achievement

Certificates of Achievement
  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Accounts Receivable and Bad Debts Expense
  • Inventory and Cost of Goods Sold
  • Depreciation
  • Payroll Accounting
View PRO Plus Features

Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials

Read all 2,928 reviews

Features

PRO

PRO Plus

Features
Lifetime Access (One-Time Fee)
Explanations
Quizzes
Q&A
Word Scrambles
Crosswords
Bookkeeping Video Training
Financial Statements Video Training
Flashcards
Visual Tutorials
Quick Tests
Quick Tests with Coaching
Cheat Sheets
Bookkeeping Study Guide
Managerial Study Guide
Business Forms
All PDF Files
Progress Tracking
Certificate - Debits and Credits
Certificate - Adjusting Entries
Certificate - Financial Statements
Certificate - Balance Sheet
Certificate - Income Statement
Certificate - Cash Flow Statement
Certificate - Working Capital
Certificate - Financial Ratios
Certificate - Bank Reconciliation
Certificate - Accounts Receivable and Bad Debts Expense
Certificate - Inventory and Cost of Goods Sold
Certificate - Depreciation
Certificate - Payroll Accounting
Earn Badges and Points
Medal Rankings
Activity Streaks
Custom Public Profile Page of Achievements

About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

Learn More About Harold

Read 2,928 Testimonials

Take the Tour Join Pro Upgrade to Pro Plus